On the basis of the financing agreement with the EIB, a continuation of the FF, a JESSICA holding fund managed by the EIB, for investments in energy efficiency improvements in the housing sector. FF will provide preferential loans to natural and legal persons owning apartment blocks and/or other premises or to administrators of the common use premises of multi-apartment buildings. The loans will cover the modernisation/refurbishment of multi-apartment buildings by increasing their energy efficiency to achieve at least the energy efficiency class of buildings C. In the initial phase, the Ministry of Finance and the Environment will invest EUR 150 million of European Regional Development Fund funds, which will be allocated to the financing of approximately 800 multi-apartment buildings throughout Lithuania. These investments in the energy efficiency of multi-apartment buildings will reduce energy consumption and reduce the energy costs of the population and the country’s dependence on external fuel suppliers. From an environmental point of view, the energy efficiency of multi-apartment buildings should significantly reduce CO2 emissions. The return will be used for further investment in new projects in the field of energy efficiency in multi-apartment buildings.